City firms race to prepare for FCA crackdown on bullying and harassment
Rules will require hedge funds, insurers and pension firms to report all non-financial wrongdoing
Brokers
Ex-JPMorgan Chase executive shared confidential bank information with Epstein
Former JPMorgan Chase executive Jes Staley told US lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of …
Lloyds Bank is holding on to our urgently needed £5,500
Last November, Lloyds Bank informed me, in my role as treasurer of my parish church, that the church account was to be closed and that I should open a new business account instead. This can only be do…
Student bank accounts: don’t be swayed by the freebies, freshers told
In the scramble to sort out university accommodation, join freshers group chats and work out how a student loan payment is meant to stretch across a whole term, there is one big decision that is easy …
Interest rate dilemma for central banks as inflation rises but growth slows
Inflation rates have been falling across the industrialised world, but fears that the Middle East war will raise oil prices means central banks are sitting on their hands when they should be raising i…
AI push is putting banks at mercy of tech firms, warns Moody’s
The rating agency Moody’s has said the race to adopt AI is putting big banks at the mercy of a small group of Silicon Valley firms, leaving them vulnerable to widespread outages and price gouging by p…
Sir Christopher Ondaatje obituary
Businessman and philanthropist who helped fund a new wing for the National Portrait Gallery
Lloyds Bank should publish the human cost of its AI savings | Letters
Banks should factor in the time spent by humans checking invented facts, writes Dr Gleb Tsipursky
Bank battle: history suggests Burnham faces fight if he opts for windfall tax
It has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed b…
Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn
Campaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy Burnham’s cost of living agenda, after HSBC raked in $10.1bn (£7.5bn) worth of profits in the second q…
Metro Bank customer fights for £14,000 refund after AI-linked fraud
A Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot Claude.
Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald Trump
HSBC to pull out of Australian retail banking market
The London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to the global asset giant Blackstone.
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Lloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.
Gary Stevenson to quit YouTube channel, citing health concerns
The City trader turned wealth tax campaigner Gary Stevenson has announced he is quitting the YouTube channel that made his name, citing health concerns.
UK savings deals: the heat is on as banks offer up to 8%
You can currently get instant- and easy-access accounts that pay up to 5% interest, and fixed-rate savings bonds that pay almost that much. Meanwhile, those looking for a regular savings account can n…
Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing
Democrats in the US Congress have laid out plans for what they say would be the “boldest” bid to revitalize the country’s industrial heartlands since the second world war – using revenue raised by tar…
Former Barclays CEO Jes Staley faces US congressional panel over Epstein ties
Staley is latest high-profile figure to testify before House amid investigation into Epstein, convicted sex offender
US senator wants urgent answers from Barclays over Jes Staley’s ties to Jeffrey Epstein
The leading US senator Elizabeth Warren has called for urgent answers from Barclays over what she claimed was its “apparent failure to meaningfully investigate” ties between the bank’s former boss, Je…
JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
The boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away …
Bank of England to stop accepting bonds linked to coal for key loans
Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel
No deposit, no problem: the new 100% mortgages for first-time buyers
For many first-time buyers, getting their foot on the property ladder can feel like an impossible dream. However, the good news is that there are a growing number of mortgage deals that require only a…
JP Morgan boss pressed by US senator about bank’s contact with Jeffrey Epstein
A leading Democratic senator has written to the JP Morgan Chase boss Jamie Dimon to request clarification on the bank’s contact with the child sex offender Jeffrey Epstein .
Safe from AI: which jobs will help you thrive in the future?
Experts say there will still be opportunities ahead in everything from teaching to hotels and the law